Check out the best 2020 Olympics Bitcoin betting websites in 2021 with our guide.
We also provide some excellent tips to help you get the best out of these Olympics BTC sports betting sites.
Please keep reading to see our table, which shows the best 2020 Olympics Bitcoin sports betting sites around.
We can tell you that all of them have a reputation for trustworthiness and let you deposit and withdraw in Bitcoin.
This article looks at the following:
The benefits of 2020 Olympics BTC sports betting sites
How to choose your 2020 Olympics Bitcoin sports betting sites
The best exchange to use on 2020 Olympics Bitcoin sports betting sites in 2021
Let’s dive in.
100% first time crypto
555% up to 10,000€
100% up to 1 BTC / 50ETH / 10,000USDT + 25 Bonus Spins
In 2020, Tokyo was ready to host the Olympic Games, but an unforeseen event forced a postponement.
With hope on the horizon now, the Olympics will take place in Tokyo across 17 days in July and August.
If you use 2020 Olympics BTC betting websites, you have the opportunity to focus on the Olympic sports that interest you the most.
Don’t hesitate, because the Olympic Games only happen once every four years. Indeed, it is five years since the last one in Rio de Janeiro.
It is one of the world’s most significant sporting occasions watched by billions of people worldwide.
The best athletes from most of the world’s nations finally get the recognition they deserve.
You’ll likely find at least one sport you never knew existed when you watch the Olympics.
What are the benefits of wagering on Bitcoin betting sites during the Olympic Games?
Register, and you’ll soon find out. The best 2020 Olympics BTC sports betting sites let you bet on more markets than you can count.
For over a fortnight, you’ll have access to a remarkable number of sporting events on a wide range of 2020 Olympics BTC betting sites.
As a bonus, you might earn a little Bitcoin if you’re an expert in some sports.
January 2009 was a historic month when Satoshi Nakamoto introduced a digital currency called Bitcoin.
It remains by far the most popular digital asset and currently comprises almost half the market.
The hype surrounding Bitcoin is immense and has caused its value to skyrocket at different points.
Since Bitcoin is the top-ranked digital currency, most sports betting sites have no problem if you use it as your deposit method.
Before you try using Bitcoin on betting sites, here are some pros and cons to consider.
An increasing number of sports betting sites offer additional rewards to users who deposit with BTC
BTC’s ability to gain value means a big win today could be worth even more in the future
You can bet without your bank or anyone else finding out
Each transaction comes with a hefty fee, so Bitcoin users get less value for money
If a scam betting site takes your money, it is lost forever
Bitcoin is incredibly volatile, with no way of knowing when its value will rise or fall
Curious about 2020 Olympics Bitcoin sports betting sites, but still looking for reasons to take action?
There are countless reasons, and here are just a few of them.
Fiat currencies are boring.
Inflation makes their value go down continually.
Also, governments continue to manipulate these currencies for their own purposes.
As for banks, they have complete control over the who, what, where, when, and why of fiat currency use.
And, frankly, fiat currencies are old and outdated. They are not the future.
In 2021, Bitcoin represents the future.
There is no middleman involved in Bitcoin exchange.
Which means no payment gateways are needed.
No use for credit cards or banks either.
Do you live in a country with heavy restrictions? If so, invest in a decent VPN to use 2020 Olympics Bitcoin sports betting sites that are usually forbidden in your country.
Certain end-to-end 2020 Olympics BTC sports betting sites will also let you wager even if you live somewhere where betting websites are illegal.
Disclaimer: Please note that we do not recommend or encourage illegal activity in any form. You are placing your investment at risk if you use betting sites that forbid users from your country. For instance, you could have your account frozen, which means you can’t access your money.
Banks are firmly against online sports betting sites.
We have heard and read many stories where people couldn’t get a mortgage due to their occasional use of betting sites.
It didn’t matter that their use of betting sites was nothing more than casual.
Here’s the thing about Bitcoin betting websites, you can use them without your bank ever finding out. Therefore, your activity remains a secret.
If your wife has a problem with sports betting sites, you also ensure they don’t find out.
(We’d like to point out that this applies to male and female readers).
While you bet with fiat, you hold … fiat.
Fiat currencies are old-fashioned and inflationary.
The value of fiat is continually falling and will not get any stronger, which is the opposite of Bitcoin.
However, if you choose to bet on an end-to-end Olympics Bitcoin sports betting site, your BTC balance will likely go up in value.
It is sometimes a challenge for punters to deposit money on betting websites.
One of our team couldn’t access their bank account for a month.
Do you know why? He went to a sports betting site and used his credit card to make a deposit.
What he didn’t know was that the UK applied a new regulation in April 2020.
After a warning from his bank, he couldn’t make any more deposits on the sports betting sites he used before.
Bitcoin keeps your bank out of the picture permanently.
You can find standard betting websites that will take Bitcoin, but they are behind the times.
Old-fashioned design, inefficient customer service, slow payouts, and much more.
The best 2020 Olympics BTC sports betting sites, on the other hand, are designed for the modern user. Therefore, they adopt better technology and respect their audience.
The result is a growing number of safer 2020 Olympics Bitcoin sports betting sites that you can trust, which offer better customer support, faster payments, and promotions worth something.
Financial regulations limit standard sports betting sites. This is why they are so slow and inefficient.
As a consequence, you’ll notice that you’re forced to accept low deposit and withdrawal maximums, not to mention waiting days to complete a transaction.
The best 2020 Olympics BTC betting sites are mainly regulated by the Curacao Gaming Authority, which means a lower level of financial regulation.
Less financial regulation means fewer limits and faster (sometimes instant) payouts.
For example, some of the top 2020 Olympics BTC sports betting sites offer instant and unlimited deposits and withdrawals. That’s unseen in the traditional betting site industry.
Of course, remember to consider the time it takes for the various blockchains to process the transactions.
Not all exchanges allow their clients to transfer funds to/from Bitcoin betting sites.
They will keep your money and shut down your account if they catch you using them to deposit on 2020 Olympics Bitcoin sports betting sites.
Believe us; it is simple for them to get this information. Want to know how? Let’s find out.
The leading exchanges utilize sophisticated blockchain forensics software to identify relevant blockchain transactions.
It is very hi-tech stuff, and a few of these exchanges proved it by sending us notifications.
So, what is the best exchange for those who want to bet on 2020 Olympics BTC sports betting sites?
For our money, Binance is the right option.
Binance is the largest exchange globally, and they allow users to bet on 2020 Olympics Bitcoin betting websites.
We believe it is the best exchange because of its high level of security and small fees. It also lets you withdraw quickly and offers a massive number of currency pairs.
Set up an account on Binance, and you’ll discover that depositing funds and betting on any reputable Olympics BTC sports betting site is effortless.
Here are some essential factors when looking for the best 2020 Olympics BTC sports betting site.
Punters are generally unaware of this aspect, even though this is the very first one you need to look at.
This isn’t an issue if you use legit Olympics Bitcoin sports betting sites because most of them won’t permit you to register, let alone add funds if you come from a country where its service is prohibited.
However, some less cautious Olympics Bitcoin betting sites will let you register your account and deposit funds until you win big (or consistently) and attempt a withdrawal.
Then these 2020 Olympics Bitcoin sports betting sites decide to ask for account verification. To your horror, you’ll find that your account is suspended, and you have no access to your money.
That’s why you must make sure the 2020 Olympics Bitcoin sports betting sites you choose accept users from your country.
Bypassing this type of regulation will expose you and your funds, making it even more necessary to bet on trustworthy and legit 2020 Olympics BTC sports betting sites.
Focus on good 2020 Olympics BTC sports betting sites that won’t keep your money if they discover that you’re betting illegally.
Stake is a fine example of such Bitcoin sports betting sites.
There are several things to note when looking for a high-quality 2020 Olympics BTC sports betting site, including reputation.
Bitcoin transactions are fast, cheap (most of the time), and there’s no central authority behind them.
However, there is no going back with Bitcoin transactions.
With no central authority, you’re unlikely to get your money back if you get ripped off.
That’s why reputation and ethics go a long way with Bitcoin sports betting sites.
Our assessment of the best Olympics BTC sports betting sites therefore includes a particular focus on their reputation.
Check out our 2020 Olympics Bitcoin sports betting sites reviews if you’re unsure about the safe 2020 Olympics Bitcoin sports betting sites you can trust.
Standard betting sites that allow the use of Bitcoin and end-to-end Bitcoin sports betting sites are entirely different.
Traditional betting sites that accept BTC will convert yours into fiat when you deposit.
The same will happen when you withdraw (if they offer BTC as a withdrawal method); they will convert your fiat back into BTC.
This means you don’t have any Bitcoin in your account after the deposit. You can also expect to pay transaction fees.
That’s why, if you are confident about the future of Bitcoin, you should prefer using end-to-end Bitcoin sports betting sites when possible.
For one thing, you can deposit or withdraw using many different digital assets on such Bitcoin sports betting sites.
They also make it possible for you to use BTC directly.
With these Bitcoin betting sites, you get the benefits of using Bitcoin, including:
The ability to deposit and withdraw large amounts
Yet, it is a mistake to think that the above pros are guaranteed with 100% of end-to-end Bitcoin betting websites.
An end-to-end Bitcoin betting site only has the potential to do it; there is no guarantee.
We can tell you that the top Olympics Bitcoin sports betting sites provide the majority of these benefits.
Without a high-quality customer service team to contact, you’ll become frustrated if you have any problems.
Particularly if you’ve never practiced BTC sports betting sites before.
Therefore, our reviews of the best 2020 Olympics Bitcoin betting websites in 2021 include a thorough check and testing of their customer service.
When choosing 2020 Olympics Bitcoin sports betting sites, look for the ones that give you the best:
Selection of sporting events
Choice of markets
Probability of winning
Not all 2020 Olympics BTC sports betting sites offering a large variety of sports are good 2020 Olympics Bitcoin sports betting sites worth using.
After all, you could find 2020 Olympics Bitcoin sports betting sites with an incredible sports offering that will scam you.
A wise option is to create an account on many legit 2020 Olympics BTC sports betting sites.
Then, you can analyze what each one has to offer regarding sports.
Ultimately though, it is all about finding the best overall 2020 Olympics BTC betting website before exposing your BTC, one that has an excellent reputation and allows users from your country.
Yet another critical aspect of 2020 Olympics BTC betting sites is how they handle withdrawals and deposits, not to mention means of payment variety.
There is a disparity in the range of deposit and withdrawal methods available on sports betting sites.
Of course, it’s generally better to have as many deposit methods as possible.
One of the big attractions of Olympics Bitcoin sports betting sites is the prospect of a rapid withdrawal.
In this matter, speed is king. If an opportunity arises, you’ll want to get access to your Bitcoin quickly. For example, you might find something interesting on another Bitcoin sports betting site.
Some 2020 Olympics Bitcoin betting websites will process your withdrawals within a few days, while others will process them instantly.
In general, when it comes to withdrawal speed on Olympics BTC sports betting sites, faster is better.
Traditional sports betting sites have important restrictions in terms of payout.
Most of them can’t pay more than the equivalent of $10,000 per month.
Fortunately, the top 2020 Olympics BTC betting sites don’t hit you with such restrictions.
Yet, there are 2020 Olympics BTC sports betting sites that only allow you to withdraw small sums.
This is because they generally don’t have a large amount of money to hand.
The best Olympics Bitcoin sports betting sites are different. Stake, for instance, has no cap on withdrawals.
For big-money punters, in particular, the key is to find safe Olympics Bitcoin sports betting sites with no limits on withdrawals.
It is easier to split things into three distinct categories.
Most 2020 Olympics BTC sports betting sites offer welcome bonuses.
These bonuses can be pretty attractive; many of them offer to double your money or more.
Is there a catch? Yes.
These bonuses have heavy strings attached.
You might have to bet at least 30 times what you deposit before withdrawing any money, for example.
Therefore, you should focus on Olympics Bitcoin sports betting sites with valuable promotions and VIP programs. These benefits are usually far better than any welcome bonus.
Average Olympics BTC betting sites don’t go out of their way to provide great promotions.
As we mentioned earlier, their preference is to provide restrictive bonuses.
Meanwhile, the best 2020 Olympics Bitcoin sports betting sites focus on keeping you happy, which means lots of cool promotions.
Thanks to these promotions, you’ll probably get a lot more enjoyment from betting, and they’ll also help keep your balance topped up.
These days, all good 2020 Olympics Bitcoin betting sites should offer strong VIP programs with clear benefits.
Otherwise, how do they keep punters interested?
Yet, a large number of sites fail to offer anything resembling such a program.
When done right, a VIP program can significantly boost the level of enjoyment.
That’s why we strongly recommend only the most legit Olympics BTC sports betting sites with clear terms for their VIP program that offer generous rewards to their most loyal users.
Bitcoin sports betting sites are legal most of the time; however, the exact answer depends on your country of residence.
There are two different aspects to consider: the legality of Bitcoin and betting sites in your country.
While BTC is generally okay to use, it is a different story when it comes to betting sites.
Yet, there are good 2020 Olympics Bitcoin sports betting sites that let you register even if it isn’t legal in your country.
If you have a VPN, your transactions are out of the glare of a centralized authority, which means regulators have their work cut out.
Yes, you can because of how BTC addresses work. These are created privately by your wallet, and there is no other information that outlines where your BTC are stored or any location you send them to.
As a result, you can maintain secrecy by using a new address every time you receive payment. Another tactic is to use several wallets, each one for a different reason.
It varies from a couple of minutes to an hour, depending on several factors, including the Bitcoin network.
However, it also depends on the Bitcoin network in question. The different Blockchains must confirm the transactions, and they are overworked on occasion.
In this case, you have to include a higher fee when sending funds for the transaction to be confirmed faster and not stuck in the Blockchain queue.
Withdrawing Bitcoin is much the same as depositing it, but in most cases, 2020 Olympics BTC sports betting sites also have to certify the task manually.
The time it takes varies depending on the 2020 Olympics BTC sports betting site. Some sites go through a long validation process which takes days. Others don’t complete this step and ensure your withdrawal happens as quickly as a deposit.